$Update on $ENA – Upward Trend in Progress?

The Ethena token is attracting attention with strong signs of appreciation!

Technical Trend:

ENA broke a 88-day downtrend line, testing resistance at $0.45.

Indicators like RSI and MACD suggest buying strength.

A clear breakout above $0.45 could drive the token up to $0.60 soon.

Relevant On-Chain Data:

Active addresses increased by 37% and new addresses rose by 56% in the last week.

Large transactions (between $100K–$1M) grew by over 600% – an indication of institutional interest.

Outflows from exchanges exceed inflows, reducing selling pressure.

Forecasts:

Short term: target between $0.55–$0.60.

Medium term (end of May): possible advance up to $0.62.

Long term: projections suggest an ambitious target above $1 by the second half.

Attention: The level of $0.45 is key. If there is no breakout, the likely support is between $0.33–$0.36.

⚠️⛔ Despite the recent appreciation, ENA still shows significant volatility. It is important to closely monitor resistance and support levels, as well as consider investment diversification to mitigate risks.

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